Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$5,650,000
We are excited to present 12734-12740 Sherman Way, a prime investment opportunity in the heart of North Hollywood, priced at a 5.41% CAP Rate! The property spans 9,921 SF of buildings on 19,807 SF of LAC2-zoned land, fully leased with 5 tenants generating $33,950 in monthly rental income. Located just… Read More off the Sherman Way/Coldwater Canyon intersection, which sees over 48,000 vehicles per day, this property enjoys outstanding visibility and easy access to major traffic routes. The asset consists of three separate structures, totaling 9,921 rentable SF with the following tenants: 1) retail building leased to a floral tenant, 2) multi-tenant automotive structure with six double-wide doors and twelve bays, accommodating three auto repair tenants, and 3) rear building leased to an auto body tenant With a lot size of 19,807 SF, the property provides ample onsite parking and excellent ingress/egress for tenants and customers. The property has gone through significant upgrades, which include: 1) New roof on building 12740, 2) Significant roof upgrades on building 12734, 3) NEW HVAC on building 12734, 4) Title 24 compliance on building 12734, 5) significant sewer line upgrades, and 6) additional upgrades throughout! This unique investment opportunity offers a stable tenant base with a solid in-place yield at a 5.41% CAP Rate on current income, with the potential to achieve a 7+% CAP Rate at market rents. Contact the listing broker for additional information. Read Less
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Square Ft.
9,921
Lot Size
0.45 Acres
Year Built
1949
MLS Number
25525611
30 Days Snapshot Of 91605
$830k
-20%
(avg) sold price
8
-38%
homes sold
169
+94%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1949, Building area total: 9,921, 3 buildings
Community
Gated
Income
Net operating income: $305,805
Lot
0.4547 acres, 19,807 square feet, Size: 19,807
Parking
20 totals parking
Property
Zoning: LAC2
Security Features
GatedCommunity
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Contact Garron King
'VIP' Property Search
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
